Q2 2025 IDT Corp Earnings Call Transcript
Key Points
- IDT Corp (IDT) reported record levels of gross profit, income from operations, and adjusted EBITDA for the second quarter.
- The company's NRS segment achieved a 32% revenue growth and exceeded $10 million in adjusted EBITDA.
- Boss Money experienced strong year-over-year transaction and revenue growth, with digital transactions representing over 80% of remittances.
- The traditional communications segment increased adjusted EBITDA for the third consecutive quarter, surpassing $20 million.
- IDT Corp (IDT) increased its regular quarterly dividend by 20% and repurchased a record level of shares, demonstrating strong shareholder returns.
- Operating cash flow generation was significantly lower compared to the same quarter last year, primarily due to the timing of cash balances.
- The company is experiencing slower revenue growth in Boss Money due to a focus on optimizing gross profit per transaction.
- NRS is slightly behind its target for adding new terminals, attributed to the need for training new salespeople.
- Foreign exchange fluctuations negatively impacted Net2Phone's revenue growth in dollar terms.
- Concerns were raised about IDT Corp (IDT)'s conservative approach to investing in growth, particularly in the competitive Boss Money segment.
A 2nd quarter fiscal year 2025 earnings call.
During management's remarks, all participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.
I'll now turn the call over to Bill Ulrey of IDT Investor Relations.
Thank you, John. In today's presentation, IDT's Chief Executive Officer, Shmu Jonas and Chief Financial Officer Marcell Fisher will discuss IDT's financial and operational results for the three month period ending January 31, 2025. After their remarks, I will be happy to take your questions.
Any forward-looking statements made during this conference call, either in their remarks or during the Q&A that follows, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to specific risks and uncertainties discussed in the reports
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